Fire Protection System Pipes Market by Type (Seamless, Welded), Material (Steel, CPVC, Copper), Application (Fire Suppression System, Fire Sprinkler System), End-use Industry(Residential, Industrial, Commercial), and Region- Global Forecast to 2027
Fire Protection System Pipes Market
The global fire protection system pipes market was valued at USD 20.6 billion in 2022 and is projected to reach USD 28.5 billion by 2027, growing at a cagr 6.7% from 2022 to 2027. Growth of the market is fueled by the growth of the construction industry, increase in loss of human lives and property due to fire breakouts, stringent regulatory compliances, and rise in the adoption of wireless technology in fire detection systems.
Attractive Opportunities in the Fire Protection System Pipes Market
Note: e – estimated, p - projected
Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis
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Fire Protection System Pipes Market Dynamics
Drivers: Increasing urbanization and infrastructure development
The construction industry has been growing quickly in the past few years. According to the Global Construction Perspective, the global construction market is projected to grow to USD 8 trillion by 2030. Growth in the construction industry in the US is attributed to the high demand for housing and commercial places. The construction industry in Asia Pacific and Europe is expected to grow significantly over the next few years, driven by increasing infrastructure spending in both regions despite the challenges in the financial market.
Restraints: High installation and maintenance costs
High initial investments are required for the implementation of fire protection systems. This is due to the complexity of networks and the need to develop sophisticated tools to counter a fire situation. Due to this, vendors need to upgrade their solutions and develop new technologies regularly. Companies are spending a large amount of money on developing these advanced technologies, thereby increasing the cost of procurement for enterprises and government agencies to provide complete fire protection to infrastructure.
Opportunities: Periodic revision of regulatory compliance to increase fire safety
Authorities in most developed countries, such as the US, Canada, and Japan, have amended their standard building codes for mandates related to fire protection system installations. For example, the impact of the Sarbanes–Oxley Act on US-based companies has changed the fiduciary responsibilities of executive leadership, which now is not just about financial reporting but extends to all areas of risk management, including safety concerns. As a result, firms are spending millions of dollars to evaluate and correct shortcomings in the fire protection systems of their facilities, especially in locations where firefighting infrastructure is weak. Further, the Fire Safety Act in the UK received Royal Assent on 29 April 2021 and commenced on 16 May 2022. The Act amends the Regulatory Reform Order 2005, named the Fire Safety Order. This Act specifies that responsible persons (RPs) living in residential buildings must manage and reduce the risk of fire for the structure and external walls of the building, which includes cladding, windows, balconies, and entrance doors to individual flats that open into common parts.
Challenges: Lack of configuration and integration in fire protection solutions
The integration of user interface when numerous solutions are used in a control mechanism is a major challenge for fire protection system pipes market. If fire protection system pipes are directly connected to a centralised building control system, it can be effective and economical. This will enable information to be gathered from a central point and follow-up regulatory actions to be initiated immediately in case of emergency.
Welded pipes dominated fire protection system pipes market
The welded segment accounted for the larger share of the market in 2021. The higher demand for welded pipes is mainly attributed to their lower price when compared to seamless pipes.
Asia Pacific is the fastest-growing region for welded pipes in the fire protection system pipes market. The growth of this market is attributed to the rising demand from the domestic market and rapid growth in end-use industries, such as oil & gas, marine, and construction.
Countries such as China, India, Vietnam, and Indonesia are identified as high-growth markets as there are increasing opportunities and demand for fire protection system pipes. Markets in countries, such as Vietnam and Indonesia, are growing at high rates in product finishes, marine, and other heavy industries.
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Asia Pacific is the fastest-growing epoxy adhesives market.
Asia Pacific is a major market of fire protection system pipes, and is expected to grow faster during the forecast period. The growing manufacturing industries, cheap labor, high economic growth rate attributed to the growth of the fire protection system pipes market. Other factors such as global shift of production and consumption capacities from developed markets to emerging markets also contributes to the growth of the fire protection system pipes market in Asia Pacific.
Asia Pacific has more than half the world’s population and is increasingly becoming an important region for global trade and commerce. Japan, China, South Korea, and India are the major manufacturers of raw materials used in fire protection system pipes. Each of these countries strives to stimulate domestic consumption, which is expected to play an important role in driving the demand for fire protection system pipes during the forecast period.
Key Market Players
Johnson Controls (Ireland), Tata Steel (India), Simona AG (Germany), Astral Pipes (India), China Lesso (China) are the key players in the global fire protection system pipes market.
Johnson Controls is a provider of sustainable and smart buildings, industrial refrigeration, retail solutions, batteries, and oil and gas products. The company conducts its business in four business segments: Building Solution North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, Global Products. It offers fire protection system pipes through all the four segments.
Fire Protection System Pipes Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2022 |
USD 20.6 billion |
|
Revenue Forecast in 2027 |
USD 28.5 billion |
|
CAGR |
6.7% |
|
Years Considered for the study |
2020-2027 |
|
Base year |
2021 |
|
Forecast period |
2022–2027 |
|
Units considered |
Value (USD) |
|
Segments |
By Type |
|
Regions covered |
Asia Pacific, Europe, North America, Middle East & Africa, South America |
|
Companies profiled |
Johnson Controls (Ireland), Tata Steel (India), Simona AG (Germany), Astral Pipes (India), and China Lesso (China). A total of 23 players have been covered. |
This research report categorizes the fire protection systems pipes market based on Type, End-use Industry, and Region.
By Type:
- Seamless Pipes
- Welded Pipes
By Material:
- Steel
- CPVC
- Copper
- Others
By Application:
- Fire Suppression System
- Fire Sprinkler System
By End-use Industry:
- Residential
- Industrial
- Commercial
By Region:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Recent Developments
- In November 2022, Johnson Controls launched OpenBlue Enterprise Manager (OBEM) on Alibaba Cloud, a cloud computing and artificial intelligence service provider. This collaboration helps buildings to reduce carbon footprints, improve operational efficiency, optimize asset performance, and occupant health and experience. It is also expected to help Johnson Controls to expand its presence in the Chinese market.
- In November 2022, Zekelman Industries signed a definitive agreement to acquire the asset of EXLTUBE from SPS Companies, Inc., A manufacturer of mechanical tubing, hollow structural sections, standard pipes, and speciality products. This acquisition strengthened the manufacturing capabilities of steel tube and pipe of Zekelman Industries. It is expected to also add-on three co-located mills and 530,000+ square feet of warehouse and manufacturing space in the Kansas city region. This acquisition is expected to improve the service and enhance its product portfolio.
Frequently Asked Questions (FAQ):
What are the factors influencing the growth of fire protection system pipes?
The global fire protection system pipes market is driven by increasing urbanization and infrastructure development.
What are the major applications for fire protection system pipes?
The major applications of fire protection system pipes are fire sprinkler system and fire suppression system.
Who are the major manufacturers?
Johnson Controls (Ireland), Tata Steel (India), Simona AG (Germany), Astral Pipes (India), China Lesso (China) are some of the leading players operating in the global fire protection system pipes market.
Why fire protection system pipes are gaining market share?
The growth of this market is attributed to the increasing urbanization and infrastructure development. .
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This research study involves the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg L.P., Factiva, ICIS, and OneSource, to identify and collect information useful for this technical, market-oriented, and commercial study of the global fire protection system pipes market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the value chain of this industry. In-depth interviews were conducted with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as assess growth prospects of the market.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases & investor presentations of companies, white papers, regulatory bodies, trade directories, certified publications, articles from recognized authors, gold and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, the total pool of key players, market classification & segmentation according to industry trends to the bottom-most level, and regional markets. It has also been used to obtain information about key developments from a market-oriented perspective.
Primary Research
In the primary research process, various sources from both, the supply and demand sides were interviewed to obtain and verify qualitative and quantitative information for this report as well as analyze prospects. Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related executives from various leading companies and organizations operating in the fire protection system pipes market. Primary sources from the demand side include experts and key persons from the application segment. Extensive primary research has been conducted after understanding and analyzing the current scenario of the fire protection system pipes market through secondary research. Several primary interviews were conducted with market experts from both, the demand and supply sides across five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Following is the breakdown of primary respondents:
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Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the fire protection system pipes market size and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market shares in the key regions have been determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top players and extensive interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives, for key insights.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters affecting the markets covered in this study were accounted for, viewed in detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The three figures below represent the overall market size estimation process through the study.
Global Fire Protection System Pipes Market Size: Bottom-up Approach
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Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been used wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both, the demand and supply sides. The market has been validated using both, the top-down and bottom-up approaches.
Report Objectives
- To define, describe, forecast, and analyze the fire protection system pipes market based on type, material, application, and end-use industry, in terms of value
- To describe and forecast the size of the market based on five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America, along with their respective countries in terms of value
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing market growth
- To provide ecosystem analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter’s five forces analysis, key stakeholders and buying criteria, key conferences and events, regulatory bodies, government agencies, and regulations pertaining to the market under study
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
- To study the complete value chain of the market
- To analyze opportunities for stakeholders by identifying high-growth segments of the market
- To strategically profile the key players and comprehensively analyze their market positions in terms of their ranking and core competencies2
- To analyze competitive developments such as product launches, acquisitions, agreements, and partnerships in the market
Note: 1. Micromarkets are defined as the subsegments of the global fire protection system pipes market included in the report.
2. Core competencies of companies are determined in terms of the key developments and strategies adopted by them to sustain in the market.
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the epoxy adhesives market, by country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in Fire Protection System Pipes Market